18 October 2016
CALA Homes, which has it's Weybridge House development on the highly sought-after Queens Road in Weybridge, has identified four key tips when choosing your location that are guaranteed to help potential housebuyers secure the perfect investment property.
1. Commuter hotspots
Soaring London house prices are driving smart commuters to seek fresh out-of-town areas in the quest for more space and plenty of greenery. Houses in the commuter belt are continually rising, with average prices up by 12.2% year-on-year to £344,371.
2. Outside space
The premium for property with generous outdoor space within easy reach of London has never been higher, with roof terraces and balconies becoming as sought after as gardens.
Extra space is the biggest single factor to add value to a home, with a terrace essentially offering homeowners an extra room to enjoy. New research has found that the presence of a roof terrace or balcony can add more than one-tenth to the value of a property, rising to as much as a quarter in coveted areas.
3. The “Waitrose effect”
Living close to a supermarket isn’t just convenient, it can also help to boost the value of your home. Dubbed the “Waitrose effect”, studies have shown that the average house price of properties that are within a reasonable walking distance of the upmarket grocer rose by up to 25% in the UK, and as much as 50% in London.
There was a significant difference in the size of that bonus depending on the brand of supermarket nearby. Homes located near to a Waitrose rose by approximately £38,666, compared to properties by Sainsbury’s or Mark & Spencer’s food stores at £27,000, or near Tesco at £22,000.
4. Sporting credentials
Close proximity to certain sporting facilities can boost your house price even further. Living near a golf course in the UK has been found to add a premium of £95,000 to value of a home, according to some estimates. Regardless of whether or not you’re a golf enthusiast who wants to be close to the course to play; golf courses have a similar advantage to parks in that you will be living next to an open, well-maintained green space. This is an especially valuable asset in areas that are otherwise highly urbanised.
Nicki Dennis, sales and marketing director for CALA Homes (South Home Counties), said: “Weybridge House ticks all the boxes for purchasers looking for a luxurious new home with excellent investment prospects. It provides the perfect location for commuters wishing to travel in and out of the city each day as it is one mile equidistant between Weybridge and Walton-on-Thames mainline stations, providing regular trains into London Waterloo in around 30 minutes.
“With the premium for outdoor space now at all-time high for properties in close proximity to the capital, the terraces at Weybridge House are a welcome bonus to these apartments - giving a greater sense of space, whilst providing a wonderful view to enjoy in the warm weather.
“The development is also within easy walking distance of a host of amenities. The bars, coffee shops, boutiques and beauty salons on Weybridge’s Queens Road are just a short stroll from Weybridge House, as well as Waitrose less than five minutes’ drive away. In Weybridge, golfers can also enjoy time on the fairway at St George’s Hill Golf Course. Located just two miles away from Weybridge House, it has been voted the 3rd best golf course in Surrey and 7th in England. Also nearby is the St George’s Hill Lawn Tennis Club. With our last two-bedroom apartment now remaining and just one stunning five-bedroom townhouse available at the development, we would urge anyone thinking of making a move to come and see us now.”
Weybridge House brings Georgian style to the popular residential location of Weybridge and comprises just four elegant five and six bedroom townhouses together with seventeen spacious one and two bedroom luxury apartments.
Nestled between the Wey and Thames rivers, Weybridge is a highly desirable commuter town and home to exclusive, leafy residential areas and renowned private estates. Local landmarks include the Weybridge War Memorial, next to Weybridge Green, Wharf Pool, Brooklands Museum and Mercedes-Benz World, while nearby Chertsey Meads and Hampton Court Palace offer beautiful parkland and open spaces.
For more information, visit the show complex, open Thursday to Monday from 10am to 5.00pm, call 01932 844 626 or visit www.cala.co.uk.